Robber baron

know is Andrew Carnegie, who never cared for his workers and only cared about the production of his workers. He also was never truthful and was cruel about his words on labor unions. The well known, wealthy business leader, Andrew Carnegie was a “robber baron” because of his lies on labor unions and his careless relationship with his workers. Carnegie never showed his workers the respectful, caring, “good boss”…

Andrew Carnegie made 480 million dollars through his steelmaking companies. But what did his workers make? Many Americans worked 70 hour’s a week for very little money. Fortunately, now there are laws that have been placed allowing people to stay safe and healthy, but in the 1800s they did not have these laws. Now the average hours of work that an American has is 38.6 hours. Workers during the Gilded Age were treated badly by the capitalists and their management organizations. During the…

The poor treatment of working laborers during the gilded age is connected to rise in industrialization because they were unknowingly swindled into to working long hours with low pay. They would work in horrible conditions in which if they made a mistake they could end up dead or they might get injured in which case they would be replaced with someone who has been waiting for the job. The injured people would not get compensation for the injury that they sustained while on the job and the dead…

more of an overseer to believing in social responsibility with government as a big brother. He believes that these shifts have occurred because of myths about past experiences. Friedman’s goal is to dispel five major myths. The first myth is a robber baron myth. People believe that the 19th century was a time of individualism where the lower classes were being oppressed and there was widespread misery for farmers. Friedman declares that the reality of the situation is that there has almost…

This unit is about industrializing America in the years of 1877-1900. The era starts with the Gilded Age. The amount of industry increased and the Transcontinental Railroad made Manifest Destiny easier to accomplish. The government supported the growth of business, so there was a large amount of corruption. There were three powerful men that had control over the economy. These were, John D. Rockefeller, Andrew Carnegie, and J. Pierpont Morgan. Rockefeller is considered to be America’s first…

trying to make lots of money for themselves, often not caring who they had to knock down in the process. A lot of the money was in the railroad industry. Jay Gould for example “was perhaps the first prominent railroad magnate to be tarred with the ‘robber baron’ brush. He bought older, smaller, rundown railroads, offered minimal improvements, and then capitalized on factory owners’ desires to ship their goods on this increasingly popular and more cost-efficient form of transportation” (515). He…

The Gilded Age was a time of American economic prowess thanks in large part to the influence of a few tycoons. However, some believe these tycoons were not the so-called “Titans of Industry,” but rather “Robber Barons.” J.P. Morgan, for example, is erroneously considered to be the latter due to his expansive sphere of influence. Nevertheless, J.P. Morgan is truly a “Titan of Industry.” On April 17, 1837, J.P. Morgan was born in Hartford, Connecticut, to parents Junius Spencer Morgan and…

was the author of The Gospel of Wealth, and he gave back to the community by funding places in need. Andrew Carnegie helped in the industrialization of America. Carnegie was a Scottish immigrant who became one of America's robber barons. He was noted as the first robber baron to have about $450 million. His father was a linen weaver, and his mother was the daughter of a political and social…

People like John Rockefeller who were wealthy because of their industries were making a ton of money. Those people were called “robber barons” because people believe they cheated to get their money. Laborers were the Immigrants and Farmers. Back in the Gilded Age there was no sick leave, no health insurance, or retirement. An average wage of $490 a year! A decent living wage back…

The source states that if there were any kind of government intervention in the economy, the strangling of innovation and self-reliance would take away the widespread prosperity only a free-market economy can provide. This opinion directly corresponds to the ideology of capitalism, the economic aspect of classical liberalism. Capitalism supports many values that are commonly associated with modern-day western economies. One such value, laissez faire economics, professes a government free economy…